Ultimate Media
The Erute County Member of Parliament John Odit has urged government to provide patent rights to Ugandan scientists who have been recognized with international awards so as to benefit more from international trade.
Odit told parliament recently that the lack of a certification and patent system for Uganda’s products will lead to problems in commercial trade such as theft of ideas by consumers who take advantage of competing interests.
Meanwhile, MPs have also appealed to the government to expedite the review of all commercial laws with a view of improving the outdated ones.
Legislators argue that this will improve the transaction of commercial business within the country.
In a debate on the Trade Secrets Protection bill passed into law by Parliament October 28, Masaka municipality Member of Parliament John Baptist Kawanga decried the transaction of commercial business based on outdated legislations.
The legislator wants government to amend the Companies Act and other laws, and the domestication of international statutes to which Uganda is a signatory.
He also reiterated the need for Uganda as a member of the World Trade Organization (WTO) to institute modern legislations on trade acceptable the world over.
The law according to the Parliamentary Legal Affairs Committee will build confidence; encourage innovation, invention and commercial investment in Uganda.
more Uganda news...
This news item is copyrighted. Any reuse in part or whole without permission from Ultimate Media Consult is prohibited. news@ultimatemediaconsult.com
News by www.ultimatemediaconsult.com
